Trueblood Wealth Management LLC Buys 80 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Trueblood Wealth Management LLC boosted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,595 shares of the company’s stock after buying an additional 80 shares during the period. Trueblood Wealth Management LLC’s holdings in Casey’s General Stores were worth $632,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CASY. FMR LLC raised its holdings in Casey’s General Stores by 3.8% in the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after acquiring an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. raised its position in Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after buying an additional 119,350 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Casey’s General Stores by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock valued at $246,335,000 after acquiring an additional 8,428 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Casey’s General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after acquiring an additional 174,586 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Casey’s General Stores by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock worth $102,694,000 after acquiring an additional 702 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CASY shares. Melius Research initiated coverage on Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 target price on the stock. Evercore ISI raised their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada upped their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $424.00.

Insider Buying and Selling

In other news, Director Mike Spanos bought 500 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the acquisition, the director now owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now owns 2,247 shares of the company’s stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Casey’s General Stores Price Performance

Shares of CASY opened at $391.51 on Monday. The stock has a market cap of $14.53 billion, a PE ratio of 27.28, a P/E/G ratio of 2.20 and a beta of 0.82. Casey’s General Stores, Inc. has a 1-year low of $268.07 and a 1-year high of $439.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a 50-day simple moving average of $408.49 and a two-hundred day simple moving average of $389.15.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.24 earnings per share. As a group, analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.